Delta Phenomenon Welles Wilder Pdf Download

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Vaniria Setser

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Jun 28, 2024, 8:55:11 PM6/28/24

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Most would know Welles Wilder as the inventor of RSI, Average Directional Index, Average True Range, and Parabolic SAR. Author of New Concepts in Technical Trading Systems, 1978, The Delta Phenomenon, Or, The Hidden Order in All Markets, 1991

Delta Phenomenon Welles Wilder Pdf Download

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Earlier interviews alluded to your degree in mechanical engineering from North Carolina State University and your prior work as a real estate developer before your career in trading. Were you born and bred in North Carolina?

All markets have a perfect order in five different time frames. The shortest time frame is intraday or a four-day series. The longest time frame is 19 years. There are only two markets with enough data to solve for the super long-term delta order. Those are the Treasury bonds and the stock market.

This order of the markets is the number of points and at which point the inversion can occur. This order is perfect, and once it is discovered, it will never change. Although the delta points have a perfect order according to these parameters, the exact placement of the points is not perfect.

The way we handle this is to take 10 series of turning points for a certain market. The placement of the turning point is the average of the placement of the 10 points. In a strong market move, we would expect the next turning point to come late because of the momentum. If a market is moving sideways, we can expect the turning point to be very close to its average position.

Regarding movement, the biggest moves often come on either side of point 1. There are intermediate-term points, the medium-term points, and the long-term points. The distance between these three sets of points increases with each set. When you get two or three different turning points coming at the same time, high or low, most of the time this will be a significant high or low point.

1. Earlier interviews alluded to your degree in Mechanical Engineering from North Carolina State University and prior work as a real estate developer before your career in trading. Are you born and bred in North Carolina?

4. Your classic 1978 book New Concepts in Technical Trading Systems gave us standard indicators used today such as Relative Strength Index, Average Directional Index and Directional Index, Average True Range and Parabolic Stop and Reverse. You were light years ahead of your time. Can I ask what you saw in 1978 that helped you develop these indicators that survived the test of time. Was your main focus on prices, market volatility, trends, market behavior.

8. From New Concepts, I notice your Volatility System and Volatility Index with the use of the Parabolic time/price system. I know this is your methodology for trading. Has your system for trading not changed over the years. How do you trade today with your systems.

15. From New Concepts. We all know you gave us accurate and time tested indicators. Did New Concepts also introduce trading systems for the first time. How has trading systems changed over the years.

16. Today nobody appears to have invented a new and time tested indicator. Rather many are using old indicators and playing with parameters and settings to adjust to their particular market. Any comment regarding this phenomenon.

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